Aging in Place consultants, LLC helping seniors use their homes to stay at home 702.301.9798 info@aipconsultants.com
			Reverse Mortgages for Safety, Security & Peace of Mind
		Reverse mortgages are non-recourse loans available to senior homeowners 62 and over.  Many seniors choose reverse mortgages to enable them to convert part of the equity in their homes into tax-free income without having to sell the home, give up title, or take on a new monthly mortgage payment.
		Fast Facts: All borrowers must be 62 or older No repayment is made until the home is sold or the owner permanently moves out or passes away You will never owe more than the value of your home No credit or income verification is necessary to qualify Interest is paid at the time the loan is repaid When the loan is due, your heirs have choices – they can repay the loan and keep the house, or sell the home and repay the loan Social Security benefits and    Medicare are not affected by a reverse mortgage You own your home – the lender does not take control of the title Interest rates are adjustable and can change periodically; however, this DOES NOT affect the amount you will receive Closing costs and fees incurred can be financed as part of the loan			Common Uses: Home repairs or remodeling Lifestyle enhancements Long-term health care In-home care Long term care insurance Pay off existing debt Health care & prescription drugs Pay taxes Grandchildren’s educations Travel Pay an existing mortgage Prevention of foreclosure Buy a boat or a summer home Make car repairs or purchase a new car Earn a college degree ANYTHING YOU WANT!